However, it has one drawback:
The length of the cable is sufficient for my snowboard (Pantera Wide, so quite wide) Just once around the board, by a bond through and around a metal ski rack. If the board is to be at times a thick wooden post it is very very tight and I then mostly soft to something thinner from (fencepost, ...).
Otherwise, no deterioration of function caused by wear, corrosion or the like can be reported since 2009, which I find very remarkable because of the mechanism but must tolerate a lot of moisture.